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epayable on disconnection, net of outstanding, if any<br />
and security deposits received from channel partners.<br />
Sundry debtors are secured to the extent of the amount<br />
outstanding against individual subscribers by way of<br />
security deposit received from them.<br />
10.As at March 31, 2010, 3,130,495 equity shares (of face<br />
value of Rs 5) (March 31, 2009 4,180,490 equity shares)<br />
of the Company are held by Bharti Tele-Ventures<br />
Employee’s Welfare Trust issued at the rate of Rs 25.68<br />
(Rs 51.36 pre split up) per equity share fully paid up.<br />
(Refer Note 30 on Schedule 22)<br />
11. Sales and Marketing under Schedule 17 includes <strong>good</strong>will<br />
waivers which are other than trade discount, of Rs 353,713<br />
thousand (March 31, 2009, Rs 340, 299 thousand).<br />
12.Loans and advances in the nature of loans along with<br />
maxiumum amount outstanding during the year as per<br />
Clause 32 of Listing Agreement are as follows:<br />
(a) Loans and advances in the nature of loans have been<br />
given to subsidiaries. (Refer Note 23 for amount<br />
outstanding and maximum amount outstanding<br />
during the year).<br />
(b) Loan and advance in the nature of loan bearing<br />
nil interest given to Bharti Telemedia Limited<br />
Rs 14,879,527 thousand (March 31,2009 Rs 6,384,291<br />
thousand)<br />
(c) Loan and advance in the nature of loan given to Bharti<br />
<strong>Airtel</strong> Lanka (Private) Limited at LIBOR + 4.5% interest<br />
rate is Rs 6,183,649 thousand.<br />
13. Particulars of securities charged against secured loans taken by the<br />
Company are as follows:<br />
Particulars Amount<br />
Outstanding<br />
(Rs ‘000)<br />
11.70%, 50 Non- convertible<br />
Redeemable Debentures of<br />
Rs 10,000 thousand each<br />
balance repayment 375,000<br />
commencing from<br />
June, 2010<br />
Security charges<br />
•First ranking pari passu charge<br />
on all present and future<br />
tangible movable and freehold<br />
immovable assets owned by<br />
Bharti <strong>Airtel</strong> Limited including<br />
plant and machinery, office<br />
equipment, furniture and<br />
fixtures fittings, spares tools<br />
and accessories<br />
•All rights, titles, interests in the<br />
a c c o u n t s , a n d m o n i e s<br />
deposited and investments<br />
made there from and in project<br />
documents, book debts and<br />
insurance policies.<br />
Vehicle Loan From Bank 19,296 Secured by Hypothecation of<br />
Vehicles of the Company<br />
Total 394,296<br />
Note :Following shall be excluded from Securities as mentioned above:a)<br />
Intellectual properties of Bharti <strong>Airtel</strong>.<br />
b) Investment in subsidiaries of Bharti <strong>Airtel</strong>.<br />
c) Licenses issued by DoT to the Company to provide various telecom services.<br />
Bharti <strong>Airtel</strong> Annual Report 2009-10<br />
14. Expenditure / Earnings in Foreign Currency (on accrual basis):<br />
Particulars For the year<br />
(Rs '000)<br />
For the year<br />
ended March ended March<br />
Expenditure<br />
On account of :<br />
31, 2010 31, 2009<br />
Interest 981,066 1,999,983<br />
Professional & Consultation Fees 198,466 122,323<br />
Travelling 4,090 1,773<br />
Roaming Charges(Incl. Commission) 2,346,554 2,860,862<br />
Membership & Subscription 30,656 14,277<br />
Staff Training & Others 40,642 63,827<br />
Network Services 756,731 589,528<br />
Annual Maintenance 756,771 502,434<br />
Bandwidth Charges 1,001,948 1,144,713<br />
Access Charges 12,403,255 11,890,341<br />
Software 34,490 26,031<br />
Marketing 406,209 25,956<br />
Upfront fee on borrowings 29,893 74,907<br />
Content Charges 999 3,098<br />
Charity and Donation - 17,801<br />
Point of Presence Charges 26,745 100,601<br />
Directors Commission and Sitting Fees 11,733 10,475<br />
Agency Fees & Premium fees 80,658 59,794<br />
Listing Fees - 32<br />
Total<br />
Earnings<br />
19,110,906 19,508,756<br />
Roaming Revenue 4,363,782 4,892,441<br />
Billing Revenue 13,380,070 13,173,828<br />
Management Charges 199,619 27,285<br />
Total 17,943,471 18,093,554<br />
15. CIF Value of Imports:<br />
(Rs '000)<br />
Particulars For the year For the year<br />
ended March ended March<br />
31, 2010 31, 2009<br />
Capital Good 15,472,071 33,833,931<br />
Total 15,472,071 33,833,931<br />
16. The aggregate managerial remuneration under section 198 of the<br />
Companies Act, 1956 to the directors (including Managing Director) is:<br />
(Rs '000)<br />
Particulars For the year For the year<br />
ended March ended March<br />
Whole Time Directors<br />
31, 2010 31, 2009<br />
Salary<br />
Contribution to Provident fund and<br />
92,372 111,193<br />
other funds 11,085 12,949<br />
Reimbursements and Perquisites 879 595<br />
Performance Linked Incentive<br />
Total Remuneration payable to<br />
178,609 151,686<br />
whole time directors<br />
Non Whole Time Directors<br />
282,944 276,423<br />
Commission 15,517 14,056<br />
Sitting Fees<br />
Total amount paid /payable to<br />
480 480<br />
non whole time directors 15,997 14,536<br />
Total Managerial Remuneration 298,941 290,959<br />
93
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